Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3615 45th Ave Amarillo, TX 79109-5662

    • Banks
    • 15,013 SF
    • 2.58 lot acres
    OFF-MARKET
    Value Estimations
    $655,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4544444
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Education Credit Union - 45th / Credit Union
    • Pro Med Warehouse / Medical Supply Store

    Property Details for 3615 45th Ave

    Year built
    1983
    Lot size
    2.58 lot acres
    Property size
    15,013 SF
    Zone code
    PD
    Property type
    Banks
    APN
    R-086-3420-2100
    APU
    R08634202100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $833,000
      Market price range: $833k - $1.52M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Amarillo
    County
    Randall
    State
    Texas
    Longitude
    -101.876
    Latitude
    35.1631
    CBSA code
    11100
    CBSA name
    AMARILLO, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2018
    $38,012
    $352,183
    $1,798,555
    $2,150,738
    -
    $352,183
    $1,798,555
    $2,150,738

    Comparable in this City

    • Value Estimation by Request
      3,522 SF

      5701 34th Ave

      FINANCIAL BUILDING • 3,522 SF
      5701 34th Ave, Amarillo, TX 79109-4105
      View Details
    • Value Estimation by Request
      4,048 SF

      2614 Georgia St

      FINANCIAL BUILDING • 4,048 SF
      2614 Georgia St, Amarillo, TX 79109-1929
      View Details
    • Value Estimation by Request
      3,088 SF

      4300 45th Ave

      FINANCIAL BUILDING • 3,088 SF
      4300 45th Ave, Amarillo, TX 79109
      View Details
    • Value Estimation
      $525,000
      8,096 SF

      6401 Bell St

      FINANCIAL BUILDING • 8,096 SF
      6401 Bell St, Amarillo, TX 79109-6626
      View Details
    • Value Estimation by Request
      2,995 SF

      3401 Bell St

      FINANCIAL BUILDING • 2,995 SF
      3401 Bell St, Amarillo, TX 79109-4101
      View Details
    • Value Estimation by Request
      3,909 SF

      6000 Bell St

      FINANCIAL BUILDING • 3,909 SF
      6000 Bell St, Amarillo, TX 79109-6619
      View Details

    Similar Nearby for Sale

    • $2,000,000
      8,000 SF

      Prime Amarillo Storefront Opportunity

      8,000 SF Retail Space - $2M
      4710 Bell St, Amarillo, TX 79109
      View Details
    • $749,000
      32,000 SF

      Amarillo Commercial Gem

      32,000 SF Mixed-Use Building
      2711 Stanley St, Amarillo, TX 79109
      View Details
    • $585,000
      2,400 SF

      Retail Condo NNN Lease Space

      Retail condo space leased to Palm Beach Tan with NNN lease.
      6208 Hillside Rd, Amarillo, TX 79109
      View Details
    • $3,975,000
      20,884 SF

      Copper Ridge Center: Amarillo Retail

      Thriving Amarillo retail center, 20,884 SF, 6% cap rate.
      6801 Bell St, Amarillo, TX 79109
      View Details
    • $5,250,000
      46,301 SF

      Bell Hillside Shopping Center Investment

      Multi-tenant retail center on 4.48 acres in Amarillo, Texas.
      5901 Bell St, Amarillo, TX 79109
      View Details
    • $550,000
      4,200 SF

      4001 SW 51st St - Whiskey River Bar

      Restaurants • 4,200 SF
      4001 51St Ave, Amarillo, TX 79109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,122 SF

      Retail Space Near Wolfin Village

      Retail space available near high-traffic Wolfin Village.
      2002 S Georgia St, Amarillo, TX 79109
      View Details
    • $11 SF/Yr
      31,179 SF

      Amarillo Retail Center Investment Opportunity

      Prime Amarillo retail space, multiple units available.
      2803 Civic Cir, Amarillo, TX 79109
      View Details
    • $15 SF/Yr

      Versatile Commercial Unit in Amarillo

      Adaptable commercial space suitable for office, retail, or specialty use.
      3708 Olsen Blvd, Amarillo, TX 79109
      View Details
    • Contact for pricing
      1,655 SF

      Retail Spaces Available for Lease

      Retail spaces available near hotels and retail businesses.
      3701 Olsen Blvd, Amarillo, TX 79109
      View Details
    • $18 SF/Yr
      3,248 SF

      Retail Space with Ample Parking

      Retail space available with high traffic and subdivision options.
      4303 SW 45Th Ave, Amarillo, TX 79109
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in High-Traffic Center

      Retail space available in established Amarillo shopping destination.
      2201-2603 S Georgia St, Amarillo, TX 79109
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3615 45th Ave
    Amarillo, TX 79109-5662
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!